A panel of experts have kept their 2014 growth forecast for Chile at 4 percent, the country’s central bank said Friday.
Meanwhile, they lowered their outlook for Chile’s GDP growth in 2015 by one-tenth of a percent to 4.3 percent.
The January edition of the central bank’s Monthly Survey of Economic Forecasts reflects the views of roughly 60 economists, academics and financial executives.
The survey respondents expect Chile’s GDP to grow by 3.5 percent in the year’s first quarter.
Chile’s economy showed signs of slowing in the first half of 2013 and is expected to have expanded 4.2 percent for all of last year, down from 5.6 percent growth in 2012, though final estimates are pending.
Those numbers are in line with the central bank’s latest Monetary Policy Report, which estimated that Chile’s economy expanded 4.2 percent in 2013 and forecast growth of between 3.75 percent and 4.75 percent for 2014.
The panel of experts also said they expect inflation to come in at 3 percent this year, or virtually unchanged from 2013.
Those surveyed expect the central bank will maintain its benchmark interest rate this month at 4.5 percent before lowering it to 4.25 percent in February and 4 percent in June. They expect that key rate will then be raised within 17 months back to 4.25 percent.